Wisconsin Congressmen hold nation hostage; won't stop offshoring or inversions until Democrats agree to Corporate Tax Cut.

Despite not having gone far enough, Dodd Frank is trying desperately to regulate the financial industry while also trying to prevent another Great Recession.

Republicans Dare to have another Great Recession: But Republicans want to play a game of chicken with our economy and retirement investments again by smashing to pieces every line of reform. Like they told us after the global crash, “you knew the risks, you took your chances, and you lost. That’s the market.” Strangely that didn’t piss off a majority of tightwad conservative voters either who lost money. It’s an odd voting base to say the least.   

Congressional Veto Power over an administrations Department Regulations: Big government Republicans want veto power over regulations that might get in the way of business.  

Cut Corporate Income Tax or Else...: And worst of all, Republicans won’t stop companies shifting jobs overseas or prevent tax inversions until they get a cut in the corporate income tax. Never mind those inversions are permanent and lost forever as revenue. 

Sadly, there's more too...Roll Call:

REPUBLICAN JOBS PACKAGE: The House approved a package (HR 4) of 15 jobs bills that previously passed the House as individual measures, and then died in the Democratic-led Senate. In part, the bills would expedite logging in national forests, scale back the 2010 Dodd-Frank financial-regulation law, make bonus depreciation and certain charitable contributions by businesses a permanent part of the U.S. tax code, ease certain environmental rules to promote job creation and give Congress veto power over federal regulations having at least a $100 million annual impact on the economy.

Voting yes to increase the deficit with permanent tax cuts and lost corporate revenues: Paul Ryan, Jim Sensenbrenner, Tom Petri, Sean Duffy, and Reid Ribble. 

DEMOCRATS’ TAX CHANGES: The House on Thursday defeated a motion by Democrats to amend HR 4 (above) in a way that would deny federal tax breaks to companies that shift U.S. jobs overseas or which reincorporate abroad to avoid U.S. taxation, a process known as “inversion.” The motion also sought to require the Republican leadership to put Democratic issues such as a minimum-wage increase, pay equity for women and student-loan refinancing to House votes.

And you know who defeated cutting corporate handout to offshorers? They're pictured above. And Tom Petri is a moderate? 

Paul Ryan Blocks Minimum Wage Hike, but allows Corporate Tax Inversions Overseas.

It’s frustrating for Democrats and real conservative penny pinchers who see an important solution to our ballooning government assistance problem blocked by Paul Ryan; increase the minimum wage.

The minimum wage would not just take more people off assistance and save taxpayer money, but it would increase consumer demand and reduce the corporate use of government programs to supplement their bottom line.

Instead, the GOP’s top snake oil salesman Paul Ryan would much rather ignore reports of job increases due to higher minimum wages, and beat to death the CBO’s admittedly squishy determination that “suggested” a hike would result in a loss of 500,000 jobs. jsonline:

Ryan told a luncheon audience at a joint meeting of the Milwaukee Press Club and the Rotary Club of Milwaukee … A day after Obama appeared in Milwaukee and called on Congress to raise the minimum wage from $7.25 to $10.10 an hour, (saying) he opposed the measure because it would cost the economy jobs. He cited a Congressional Budget Office study that suggested a minimum wage rise could lead to a loss of 500,000 jobs.

The Policy of Platitudes: Ryan’s detail free talking points are getting old:

"Let's focus on economic growth," he said. "Let's focus on job creation."

In the mean time, Wisconsin media refuses to ask Paul Ryan why his solution, increasing the Earned Income Tax Credit, was the first thing state Republicans cut to balance the budget. The GOP’s reason? The poor didn't earn the money they got back with the tax credit:

Ryan trumpeted the earned income tax credit for low- to moderate-income workers. He said it was "a far smarter way of pulling people into the workforce" than raising the minimum wage.

Ryan is so unwilling to compromise and close corporate loopholes, that he’s willing to permanently lose corporate taxes to inversions to make his point:

Ryan said Congress should not move to block tax inversions, in which U.S. firms purchase smaller foreign corporations and then transfer their headquarters overseas so they can lower tax rates. "Simply putting up a fortress around America with these anti-inversion rules, all that we'll end up doing is accelerate the takeover of U.S. corporations by foreign corporations," he said.